CrestsX
  • Welcome to CrestsX
    • Purpose of this document
  • OVERVIEW
    • Introduction to Exchange
    • Evolution of Orderbook
    • PROs and CONs of Orderbook
  • CRESTSX
    • CrestsX Prominences
    • CrestsX and Features
      • Orderbook Spot Trading
      • NFT Orderbook
      • Derivative Warrants
      • AI Trading Strategies
        • CrestsX AI Process
      • Copy Trade
      • Referral Program
      • Portfolio Dashboard
    • Crests Network
    • Roadmap
    • Conclusion
  • LEGAL
    • Term of use
    • Privacy Policy
  • GETTING STARTED
    • Getting Started
  • CONTACT US
    • Contacts
  • Visit CrestsX.com
Powered by GitBook
On this page
  1. CRESTSX
  2. CrestsX and Features

Orderbook Spot Trading

PreviousCrestsX and FeaturesNextNFT Orderbook

Last updated 2 years ago

A spot trade refers to a financial transaction where two parties agree to purchase or sell an asset at the prevailing market price, with immediate or prompt delivery and payment. This type of trade is characterized by the use of the current market rate to determine the agreed-upon price rather than a future value. Consequently, it is a favored option for traders who wish to secure gains or mitigate risks in turbulent markets.

Every trading pair in CrestsX, such as BTC-USDT, and ETH-USDT pairs, has its smart contract, and the smart contract is responsible for matching orders sent from the Ledger pool. The orderbook smart contract records the unmatched surplus to wait for the next match.

Since every pair is one smart contract, the first transaction that generates the contract address of that pair is the one that pays the high amount of gas. Therefore, we will divide trading pairs into two types:

  1. An Official List is a trading pair for which CrestsX created a smart contract or has been verified and accepted by CrestsX. After the List smart contract, CrestsX will upload an image or symbol of that token to verify its authenticity.

  2. Unofficial List due to being decentralized It is open to other project developers to create and list smart contracts by themselves, leading to an unlimited amount of trading pairs. Still, they will not have an image if the project is not verified with CrestsX contract addresses or symbols and ask the user to understand the risks that will occur independently.

Spot Trading Diagram